Not much to add here. No doubt we are sitting on a very strong support levels but in the same time, EUR is under huge pressure, so the current area may break eventually without anykind of meaningful retracement.
In the same time - we should not forget that nothing moves in a straight line, so a violent push to the upside, to scare the shorts a bit , may happen as well.
Whatever the case will be - German GDP figure is the perfect trigger.
In the same time - we should not forget that nothing moves in a straight line, so a violent push to the upside, to scare the shorts a bit , may happen as well.
Whatever the case will be - German GDP figure is the perfect trigger.